VLGC rates have suffered a steep fall in the last week as the gas-price differential narrowed between the US and Asia.
Clarksons Research noted a “sharp correction” in earnings following a period of more limited activity, resulting in a softer sentiment testing rates.
Spot earnings for a VLGC on the Houston, US, to Chiba, Japan, route fell 41% week-on-week to $43,904 per day, the UK company said.
